Moody's Corp reports results for the quarter ended in June - Earnings Summary

Moodys

23/07/2024 14:51

* Moody's Corp  MCO.N  reported quarterly adjusted earnings
of
$3.28​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $2.30. 
The mean expectation of eighteen analysts for the quarter was
for earnings of $3.02 per share. Wall Street expected results to
range from $2.67  to $3.20 per share.
    * Revenue rose 21.6% to $1.82 billion from a year ago;
analysts
expected $1.72 billion. 
    * Moody's Corp's reported EPS for the quarter was $3.02​.
    * The company reported quarterly net income of $552 million.
    * Moody's Corp shares had risen by 7.0% this quarter and
gained 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
information services peer group is also "buy"

Wall Street's median 12-month price target for Moody's Corp is
$446.50 
This summary was machine generated from LSEG data July 23 at
01:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      3.02           3.28           Beat
 Mar. 31 2024      3.04           3.37           Beat
 Dec. 31 2023      2.32           2.19           Missed
 Sep. 30 2023      2.30           2.43           Beat